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Global Manufacturing Execution System (MES) Market: Growing Adoption in Oil & Gas Industry to Drive Growth

Press release Description

Albany, New York, April 6, 2018: A new research report titled “Manufacturing Execution System (MES) Market – Global Industry Analysis, Size, Share, Growth, Trends, and Forecast 2017 – 2025”, has been added to the vast repository of Market Research Reports Search Engine (MRRSE). According to the report, the global manufacturing execution system market is likely to grow at over 11% CAGR during the assessment period and reach a valuation of over US$ 18 Bn by the end of 2025.

The report offers a detailed overview and in-depth analysis on the key factors that are driving the growth of the manufacturing execution system market. A holistic assessment on the qualitative and quantitative factors has been included in the report, and a detailed competitive landscape has been included for the perusal of readers. Overall, the report is a valuable source of guidance and analysis for stakeholders looking to understand the future trends in this market.

According to the report, adoption of manufacturing execution systems is gaining traction in industries around the world on account of growing emphasis on boosting operational efficiency and improving compliance to quality. Industries around the world, most notably food & beverage, pharmaceutical, and medical devices often face stringent regulations in terms of operational methodology and marketing of products. In view of these regulations, adoption of manufacturing execution system (MES) becomes necessary.

In a bid to give readers detailed insights on the lucrative and sluggish segments in the manufacturing execution system market, the report offers detailed segment-wise analysis and forecast. The market has been categorized on the basis of process industry, components, and discrete industry. By process industry, oil & gas segment remains one of the largest segments. The use of manufacturing execution systems in oil & gas industry continues to witness an increase on account of its benefits related to scheduling operations. In addition to oil & gas, adoption of manufacturing execution systems is also growing at a brisk pace in the food & beverages industry on account of its application in following compliance and standardization protocols.

On the basis of components, the report projects cloud to be one of the leading segments in the market. The lucrativeness of cloud can be attributed to growing deployment of hybrid models, which are gaining traction on account of their cost-effectiveness and ease of integration with existing platforms. By region, North America is likely to remain one of the largest markets for manufacturing execution systems globally. The US is one of the largest markets for manufacturing execution systems, and industries in the region have a high adoption rate of manufacturing execution systems.

Some of the key companies operating in the market include Schneider Electric S.E., General Electric Company, ABB Ltd., IQMS, SAP SE, Dassault Systems SA, Yokogawa Electric Corporation, Emerson Electric Co., General Electric Co., HCL Technologies Limited, Honeywell International Inc., Atos SE, OpMetrik Prolink Solutions, Sage Automation, and Siemens AG.

Browse Full Global Manufacturing Execution System (MES) Market Report with TOC :

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